Ampco-Pittsburgh Co. (NYSE:AP) Sees Large Growth in Short Interest

Ampco-Pittsburgh Co. (NYSE:AP) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 554,100 shares, a growth of 6.1% from the May 31st total of 522,300 shares. Based on an average daily volume of 61,900 shares, the short-interest ratio is currently 9.0 days. Currently, 3.8% of the company’s shares are short sold.

Ampco-Pittsburgh Price Performance

Shares of NYSE AP opened at $0.75 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.96 and a current ratio of 1.94. The firm has a market capitalization of $14.93 million, a price-to-earnings ratio of -0.34 and a beta of 0.83. The stock has a 50 day moving average price of $1.36 and a 200 day moving average price of $2.09. Ampco-Pittsburgh has a 52-week low of $0.74 and a 52-week high of $4.00.

Ampco-Pittsburgh (NYSE:AP) last posted its earnings results on Monday, May 13th. The industrial products company reported ($0.14) earnings per share for the quarter. The company had revenue of $110.22 million for the quarter. Ampco-Pittsburgh had a negative return on equity of 47.00% and a negative net margin of 10.13%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Ampco-Pittsburgh in a report on Friday. They issued a “buy” rating for the company.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.